GRANTA, CHURCH LANE, WEST KEAL, SPILSBY, PE23 4BG - £205,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GRANTA is a large extended detached house of 125m², built sometime between 2003 and 2006, which could now be worth an estimated £343,592. It was last sold for £205,000 in February 2014, which was around 20% above the average February 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

GRANTA Sold Prices

Land registry data shows two sales for GRANTA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two GRANTA sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 6 FEB	£205,000	£170,789	20% above HPI
2008 11 APR	£243,000	£179,789	35% above HPI

GRANTA Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two GRANTA sales from April 2008 and February 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2008 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the February 2014 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might GRANTA be worth now?

GRANTA might now be worth an estimated £343,592.

This is based on house price inflation of 67.6%, between February 2014 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 67.6% inflationary increase is applied to the most recent sale price for GRANTA of £205,000 on 6th February 2014. For the value to have increased from £205,000 to £343,592 over the eleven years to February 2025, the following assumptions must hold true:

• The value of GRANTA has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2014 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of GRANTA has not materially changed since February 2014.

How Large is GRANTA?

GRANTA is 125m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 40% of detached houses houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Keal, and where GRANTA lies on this distribution: 61% of detached houses houses are smaller than GRANTA, and 39% of houses are larger. Note that EPC data is not available for all properties in West Keal.

GRANTA: Plot and Title Map

GRANTA sits on a plot of roughly 0.208 of an acre, or 841m². The below map shows the location of GRANTA, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of GRANTA). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is GRANTA?

GRANTA is located on CHURCH LANE in WEST KEAL, in the PE23 postcode district. The below map shows the position of GRANTA on CHURCH LANE.